🟢 Silver ETF (PSLV) is trading 3.3% up today as U.S.-Iran escalation boosts precious-metals hedge demand

PSLV is trading 3.3% higher as renewed U.S.-Iran military escalation pushed Brent crude above $100 and increased demand for precious-metals hedges.

• Silver also benefited from geopolitical risk and a softer dollar; subdued futures suggest PSLV’s gain may include trust-premium or buying-flow effects.
• The broader U.S. market is lower, making the move primarily commodity- and geopolitics-driven, while higher oil prices and inflation concerns keep Federal Reserve rate expectations in focus.